2023 LKR to TRY Historical Review

YEARLY HIGH

0.0910 TRY

YEARLY LOW

0.0509 TRY

YEARLY AVERAGE

0.0729 TRY

2023 LKR to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the LKR to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 0.0910. Conversely, the yearly low was recorded on January 1, dropping to 0.0509.

This high-to-low spread represents a total annual volatility of 0.0401 TRY. From a start-to-finish perspective, comparing the January average rate of 0.0514 to the December average rate of 0.0891, the exchange rate registered a net change of 73.44% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0910 was up 27.61% compared to the 2022 peak of 0.0713, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 LKR based on timing:

Yearly Peak High 455 TRY

2022 Average 262 TRY

Yearly Trough Low 254 TRY

Transaction Impact: A difference of 200.72 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0928

0.0476

JanuMarcMayJulySeptNove

LKR to TRY Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.0604, compared to 0.0854 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0251 points.

H1 Avg (Jan–Jun) 0.0604

H2 Avg (Jul–Dec) 0.0854

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0140 TRY (High: 0.0848 / Low: 0.0709). On the other end, January was the most stable month, with a tight range of 0.0008 TRY (High: 0.0517 / Low: 0.0509).

June Spread (Volatile) ±0.0140

January Spread (Stable) ±0.0008

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0001 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.0891) against the same month in 2022 (average: 0.0509), the exchange rate shifted by +0.0382 (+75.13%).

2023 Avg (December) 0.0891

2022 Avg (December) 0.0509

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0517	0.0509	0.0514
February	0.0522	0.0511	0.0516
March	0.0596	0.0519	0.0569
April	0.0615	0.0581	0.0601
May	0.0706	0.0609	0.0639
June	0.0848	0.0709	0.0783
July	0.0847	0.0811	0.0829
August	0.0855	0.0798	0.0837
September	0.0847	0.0828	0.0836
October	0.0866	0.0846	0.0858
November	0.0882	0.0864	0.0875
December	0.0910	0.0880	0.0891